24791 State Road 54Lutz, FL 33559

This exceptional investment opportunity presents the Shoppes at Cypress Creek, a newly constructed (2024), 7,153 square foot retail center in Lutz, Florida. Located on State Road 54, a major thoroughfare boasting an AADT of 72,000 vehicles, this property enjoys a highly visible and accessible location. The center is 100% occupied by three tenants: Fazoli's Italian Restaurant (with a drive-thru), Lightning Orthodontics, and Los Chapos Tacos. These tenants occupy a total of three units within a single, one-story building situated on a 1.02-acre lot. The weighted average lease term is just under 10 years, providing significant long-term stability for investors. The property's strong tenant mix, combined with its prime location in a high-traffic area, makes it an attractive investment. The property features convenient access points from State Road 54 and Old Cypress Creek Road. Within a three-mile radius, the property benefits from a robust demographic profile, including 46,938 residents and an average household income of $134,959. The property's Net Operating Income (NOI) is $302,118, and the asking price is $5,035,000. The property is zoned C2 - Commercial General - Pasco County, and its APN is 28-26-19-0010-00000-0370. The property's proximity to other new retail developments, including a Woodie's Wash Shack and a Take 5 Oil Change, further enhances its appeal and potential for increased traffic. This is a rare opportunity to acquire a newly constructed, stabilized retail center with long-term leases and strong demographics in a prime Pasco County location.